2013 Multifactor Productivity Trends in Manufacturing — 2015-07-28

(Note: This release was reissued February 16, 2016 due to an error in the labor composition estimates for manufacturing. All references to labor composition have been excluded for this re-issue of the release. In addition, measures for manufacturing sector, nondurable manufacturing sector, and industry multifactor productivity and manufacturing sector combined units of all inputs were affected by this error.) MULTIFACTOR PRODUCTIVITY TRENDS IN MANUFACTURING - 2013 Manufacturing sector multifactor productivity decreased at a 0.7 percent annual rate in 2013, the U.S. Bureau of Labor Statistics reported today. It was the third consecutive decline in this measure. The 2013 decline reflected a 1.5-percent increase in output and a 2.1-percent increase in combined inputs. (See table A and table 1.) Multifactor productivity measures the change in output relative to the change in capital, labor, and intermediate inputs (energy, materials, purchased business services) used to produce that output.